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THG reports record FY sales, but lowers profit outlook

British retail giant THG has lowered its profit guidance despite reporting record annual sales. Revenue came in at 2.25 million pounds in the year to December 31, up 3.3 percent from a year earlier and up 39.6 percent compared to two years ago. But that was still below target. The company said the results were impacted by lengthier onboarding of...

17 Jan 2023